There will be a dash of glamour and celebrity presence in the Indian Badminton League. The consortium of Sunil Gavaskar, Tollywood actor Nagarjuna and former manager of the Indian cricket team Vankina Chamundeswaranath (better known as Chamundi) have bagged the Mumbai Masters, the last of the six teams yet to be announced. (Getty Images)

Confirming this, Chamundi said both Gavaskar and Nagarjuna are excited to become the owners of a badminton team. "We have been planning this for a while. We are excited to be finally part of this league. Gavaskar and Nagarjuna are big fans of badminton and Sunny loves to play the game. We are all looking forward to have a fantastic tournament next month," Chamundi told TOI. (BCCL)

Chamundi, who is also the first sponsor of Saina Nehwal, said the owners are keen on getting India's top player in their team. "The auction is just a couple of days away and we would like to have our best player in the team," Chamundi, former captain of the Andhra Ranji team, said. (BCCL)

The IBL will be held between August 14 and 31. Six city-based teams -- Hyderabad, Pune, Lucknow, Mumbai, Delhi and Bangalore -- will be part of the league. Several top players from the world are expected to be part of the league which will be held in the Sudirman Cup format. (BCCL)